J.P. Morgan Vice Chairman James Lee painted a vivid portrait of the flurry of activity by some of the nation’s top bankers in the hours before the government bailout of American International Group. Read More »

Sen. Sherrod Brown announced Friday that he will hold a hearing on the issue of “regulatory capture” on Nov. 21 in his Senate Banking subcommittee, with the blessing of the Senate Banking Chairman Tim Johnson. Read More »

Six years after top Wall Street executives gathered at the Federal Reserve Bank of New York to try and salvage a faltering Lehman Bros. they’ll meet there once again Monday – this time to discuss how they can improve their corporate ethics and culture. Read More »

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The saga of former New York Federal Reserve bank examiner Carmen Segarra took a surprising turn Friday, when it was revealed the former official had secretly recorded hours of meetings with her supervisors and executives at Goldman Sachs Group Inc. Read More »

Banking regulators have spent much of their post-crisis time focusing on Wall Street balance sheets. Now they’re taking aim at banks’ culture as well.

The Federal Reserve Bank of New York will hold a conference on October 20 on bank ethics and culture, according to people familiar with the event. A group of bankers, regulators and academics will hear speeches by New York Fed President William Dudley and Fed Gov. Daniel Tarullo, the Fed’s regulatory point man in Washington. Read More »

It’s been nearly seven years since the market for mortgage bonds that aren’t backed by government-related entities dried up. For years, government policymakers and financiers have speculated over when those markets might meaningfully revive.

But given the weak issuance of such private-label mortgage-backed securities since the financial crisis deepened, there’s a good case to be made that that market is dead, says Joseph Tracy, a senior adviser at the New York Federal Reserve Bank. Read More »

The Federal Reserve Bank of New York has given Deutsche Bank a talking-to – which went unreported until Tuesday – over a range of problems the regulator says compromise the bank’s ability to meet toughening reporting standards. Here are five points that Daniel Muccia, the senior bank supervisor with oversight over Deutsche Bank, made to the bank’s executives in a sharply worded letter on Dec. 11, 2013. Read More »

Late last year, the Federal Reserve Bank of New York wrote a letter to Deutsche Bank’s U.S. executives outlining their concerns about the financial data, governance, auditing and technology systems in the bank’s U.S. units.

A Deutsche Bank spokesman said: “We have been working diligently to further strengthen our systems and controls and are committed to being best in class.” He said the bank is “investing EUR1 billion as part of this effort, and we have appointed 1,300 colleagues to focus on it as part of a dedicated program.” That includes 500 compliance, risk and technology employees that the bank plans to hire in the U.S. this year.